LAST DAILY RECOMMENDATION: GIVEN ON 21 JULY 2016
IN
BULLISH MOMENTUM: YESBANK HIT FINAL TGT 1185 MADE A HIGH OF 1191.85
LOT
SIZE: 700
DAILY
TOTAL PROFIT: 35000 IN JUST TWO LOT
FOR MORE ROCKING CALLS OF FUTURE PLEASE FILL UP THE FORM GIVEN
HERE >>>>>>>>>>>>>>>
“BUY ZEEL ABOVE 477 TGT 482/486”
“SELL ZEELBELOW 472 TGT 468/460”
The Sensex ended with a gain of 292 points at
28,095. The benchmark indices opened at 27,754 touched an intra-day high of
28,110 and low of 27,736.51.The Nifty closed 94 points higher at 8,636
points. It opened at 8,520 points, hitting a high of 8,641 and low of 8,517.
The Nifty closes above 8,600 for first time since July 22, 2015.The
Indian stock market ended with smart gains on Monday as the Sensex hit its
highest level in more than a week while the Nifty hit its highest level in more
than 11 months. Recent under-performers such as Infosys and State Bank of India
recovered on improved sentiment following assurances from global policymakers
on the need to boost growth. In addition, better than expected monsoon season
has lifted the sentiment across the board.
But Now, traders should watch Nifty movement
carefully to decide the trend. If Nifty breaches levels of 8600-8625 levels,
then we would see a sharp positive breakout in all the indices. Traders should
also keep in mind that if Nifty doesn’t close below 8478 levels in
upcoming
days on the negative side then a sharp positive rally would come and BankNifty
would also again enter into positive trend in that case. So for now, Nifty
needs to breach 8478 levels on negative side to sustain this negative trend in
the market else this negative trend would be considered as false trend. Overall
Market is rangebound as of now and big movement would come only if Nifty closes
below 8478 levels on negative side or 8600 on positive side.
TOP GAINERS: BHEL, Bank of Baroda, Maruti Suzuki, SBI, Asian Paints, ZEE,
Sun Pharma,
TOP LOSERS: Dr. Reddy's, Grasim, Bajaj Auto, Tata Steel, Hindalco, GAIL,
ACC
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